WCM Investment Management LLC Takes $21.78 Million Position in UMB Financial Corporation $UMBF

WCM Investment Management LLC bought a new stake in UMB Financial Corporation (NASDAQ:UMBF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 183,800 shares of the bank’s stock, valued at approximately $21,778,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in UMB Financial during the 3rd quarter valued at about $295,000. Jones Financial Companies Lllp lifted its holdings in shares of UMB Financial by 13.8% during the third quarter. Jones Financial Companies Lllp now owns 5,114 shares of the bank’s stock worth $606,000 after purchasing an additional 621 shares during the period. State of Wyoming boosted its position in UMB Financial by 218.3% in the third quarter. State of Wyoming now owns 4,615 shares of the bank’s stock valued at $546,000 after buying an additional 3,165 shares during the last quarter. High Note Wealth LLC boosted its position in UMB Financial by 13.4% in the third quarter. High Note Wealth LLC now owns 2,642 shares of the bank’s stock valued at $313,000 after buying an additional 313 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in UMB Financial by 38.8% in the 3rd quarter. AlphaQuest LLC now owns 1,630 shares of the bank’s stock worth $193,000 after buying an additional 456 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity

In related news, CEO J Mariner Kemper sold 15,367 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer directly owned 1,521,414 shares of the company’s stock, valued at approximately $174,323,616.12. This trade represents a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 460 shares of UMB Financial stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $110.71, for a total value of $50,926.60. Following the completion of the sale, the director owned 12,090 shares in the company, valued at approximately $1,338,483.90. The trade was a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UMBF has been the subject of several research reports. Royal Bank Of Canada set a $134.00 price objective on shares of UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Piper Sandler boosted their target price on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings lowered shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research note on Thursday. Finally, Hovde Group started coverage on UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $141.00.

UMB Financial Stock Up 0.7%

UMB Financial stock opened at $128.05 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $9.73 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.00 and a beta of 0.79. The business has a 50 day simple moving average of $119.10 and a 200-day simple moving average of $116.03. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.98.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm’s revenue for the quarter was up 66.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 EPS. On average, analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s payout ratio is currently 18.84%.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.